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Company Of Royal Adventurers Trading Into Africa
The Royal African Company (RAC) was an English mercantile (trading) company set up in 1660 by the royal Stuart family and City of London merchants to trade along the west coast of Africa. It was led by the Duke of York, who was the brother of King Charles II and in 1685, York took the throne as James II. It was established after Charles II gained the English throne in the Restoration of 1660. While its original purpose was to exploit the gold fields up the Gambia River, which were identified by Prince Rupert during the Interregnum, it soon developed and led a brutal and sustained slave trade. It also extracted other commodities, mainly from the Gold Coast. After becoming insolvent in 1708, it survived in a state of much reduced activity until 1752 when its assets were transferred to the new African Company of Merchants, which lasted until 1821. History Background In the 17th century the settlements on the west coast of Africa, though they had an important trade of their own ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Stuart Restoration
The Restoration of the Stuart monarchy in the kingdoms of England, Scotland and Ireland took place in 1660 when King Charles II returned from exile in continental Europe. The preceding period of the Protectorate and the civil wars came to be known as the Interregnum (1649–1660). The term ''Restoration'' is also used to describe the period of several years after, in which a new political settlement was established. It is very often used to cover the whole reign of King Charles II (1660–1685) and often the brief reign of his younger brother King James II (1685–1688). In certain contexts it may be used to cover the whole period of the later Stuart monarchs as far as the death of Queen Anne and the accession of the Hanoverian King George I in 1714. For example, Restoration comedy typically encompasses works written as late as 1710. The Protectorate After Richard Cromwell, Lord Protector from 1658 to 1659, ceded power to the Rump Parliament, Charles Fleetwood and J ...
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Robert Holmes (Royal Navy Officer)
Sir Robert Holmes ( – 18 November 1692) was an English Admiral of the Restoration Navy. He participated in the second and third Anglo-Dutch Wars, both of which he is, by some, credited with having started. He was made Governor of the Isle of Wight, where he is buried in Yarmouth Parish Church. Holmes is chiefly remembered for his exploits on the cruise to Guinea (1664) for the Royal African Company, and for the so-called Holmes's Bonfire of 1666. He is regarded as an archetypal figure both of the quarrelsome restoration officer and of the coming into being of the British professional naval officer. The Interregnum Military beginnings Born in or about 1622 the son of Henry Holmes, Esq. of Mallow, County Cork, Ireland, nothing is known of Holmes' early life, although his flawless command of written language and his elegant handwriting suggest a good education. He is in all probability the grandchild of the Robert Holmes named provost of Mallow in 1612. He first appears in 1 ...
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Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east.Jackson, John G. (2001) ''Introduction to African Civilizations'', Citadel Press, p. 201, . Ghana covers an area of , spanning diverse biomes that range from coastal savannas to tropical rainforests. With nearly 31 million inhabitants (according to 2021 census), Ghana is the List of African countries by population, second-most populous country in West Africa, after Nigeria. The capital and List of cities in Ghana, largest city is Accra; other major cities are Kumasi, Tamale, Ghana, Tamale, and Sekondi-Takoradi. The first permanent state in present-day Ghana was the Bono state of the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful were the Kingdom of Dagbon in the north and ...
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Cape Coast Castle
Cape Coast Castle ( sv, Carolusborg) is one of about forty "slave castles", or large commercial forts, built on the Gold Coast of West Africa (now Ghana) by European traders. It was originally a Portuguese "feitoria" or trading post, established in 1555, which they named ''Cabo Corso''. However, in 1653 the Swedish Africa Company constructed a timber fort there. It originally was a centre for the trade in timber and gold. It was later used in the trans-Atlantic slave trade. Other Ghanaian slave castles include Elmina Castle and Fort Christiansborg. They were used to hold enslaved Africans before they were loaded onto ships and sold in the Americas, especially the Caribbean. This "gate of no return" was the last stop before crossing the Atlantic Ocean. Cape Coast Castle, along with other forts and castles in Ghana, are included on the UNESCO World Heritage List because of their testimony to the Atlantic gold and slave trades. Trade history The large quantity of gold dust fo ...
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Fort Amsterdam, Ghana
Fort Amsterdam, is a former slave fort in Abandze, Central region, Ghana. It was built by the English between 1638 and 1645 as Fort Cormantin or Fort Courmantyne, and was captured by admiral Michiel de Ruyter of the Dutch West India Company in 1665, in retaliation for the capture of several Dutch forts by the English Admiral Holmes in 1664. It was subsequently made part of the Dutch Gold Coast, and remained part of it until the fort was traded with the British in 1868. The Fort is located at Abandze, on the north-east of Cape Coast in the Mfantseman District of the Central Region of Ghana. Because of its testimony to European economic and colonial influence in West Africa and its historical importance in the Atlantic slave trade, the fort was inscribed on the UNESCO World Heritage List in 1979 along with other forts and castles in Ghana. History Early in 1782, Captain Thomas Shirley in the 50-gun ship ''Leander'' and the sloop-of-war ''Alligator'' sailed to the Dutch Gol ...
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Cape Of Good Hope
The Cape of Good Hope ( af, Kaap die Goeie Hoop ) ;''Kaap'' in isolation: pt, Cabo da Boa Esperança is a rocky headland on the Atlantic coast of the Cape Peninsula in South Africa. A common misconception is that the Cape of Good Hope is the southern tip of Africa, based on the misbelief that the Cape was the dividing point between the Atlantic and Indian oceans, and have nothing to do with north or south. In fact, by looking at a map, the southernmost point of Africa is Cape Agulhas about to the east-southeast. The currents of the two oceans meet at the point where the warm-water Agulhas current meets the cold-water Benguela current and turns back on itself. That oceanic meeting point fluctuates between Cape Agulhas and Cape Point (about east of the Cape of Good Hope). When following the western side of the African coastline from the equator, however, the Cape of Good Hope marks the point where a ship begins to travel more eastward than southward. Thus, the first mode ...
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East India Company
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade duri ...
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Atlantic Slave Trade
The Atlantic slave trade, transatlantic slave trade, or Euro-American slave trade involved the transportation by slave traders of enslaved African people, mainly to the Americas. The slave trade regularly used the triangular trade route and its Middle Passage, and existed from the 16th to the 19th centuries. The vast majority of those who were transported in the transatlantic slave trade were people from Central and West Africa that had been sold by other West Africans to Western European slave traders,Thornton, p. 112. while others had been captured directly by the slave traders in coastal raids; Europeans gathered and imprisoned the enslaved at forts on the African coast and then brought them to the Americas. Except for the Portuguese, European slave traders generally did not participate in the raids because life expectancy for Europeans in sub-Saharan Africa was less than one year during the period of the slave trade (which was prior to the widespread availability of quini ...
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Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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